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re: Invesment options
Posted on 7/20/18 at 12:42 pm to Tigahhs97
Posted on 7/20/18 at 12:42 pm to Tigahhs97
Google QQQ ETF and start learning everything you can about investing just using QQQ.
You’ll probably see a page called Morning star. It’s a nearly exhaustive source of info on all types of funds. Soak in the info.
What is QQQ?
Which financial company “made”/issues QQQ?
Are there other funds like it from different financial institutions?
What comprises its portfolio?
What’s the history of the ETF?
What is an ETF?
Does it pay a dividend?
What is the dividend yield?
When done with that, buy 5 or 10 shares of QQQ on Robinhood or start an IRA with Vanguard or Fidelity.
What’s an IRA?
Traditional? Roth?
Wash. Rinse. Repeat.
This is the only way to learn. I started reading this site in 2014, and have learned things that 99% of all people are clueless about.
Distinguish yourself. Knowledge will do it.
ETA: those who have suggested saving or enjoying the money are NOT wrong. You’re only 20. I went on a hell of a trip to Northern California at that age. It probably meant more than a 12% annual gain on $2,000. BUT, don’t wait too long. I’d definitely open a Roth IRA with at least $1,000 by age 25.
You’ll probably see a page called Morning star. It’s a nearly exhaustive source of info on all types of funds. Soak in the info.
What is QQQ?
Which financial company “made”/issues QQQ?
Are there other funds like it from different financial institutions?
What comprises its portfolio?
What’s the history of the ETF?
What is an ETF?
Does it pay a dividend?
What is the dividend yield?
When done with that, buy 5 or 10 shares of QQQ on Robinhood or start an IRA with Vanguard or Fidelity.
What’s an IRA?
Traditional? Roth?
Wash. Rinse. Repeat.
This is the only way to learn. I started reading this site in 2014, and have learned things that 99% of all people are clueless about.
Distinguish yourself. Knowledge will do it.
ETA: those who have suggested saving or enjoying the money are NOT wrong. You’re only 20. I went on a hell of a trip to Northern California at that age. It probably meant more than a 12% annual gain on $2,000. BUT, don’t wait too long. I’d definitely open a Roth IRA with at least $1,000 by age 25.
This post was edited on 7/20/18 at 12:46 pm
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